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overflownexus
Jan 26, 2021 3:43 AM

Descending Triangle And Ichimoku N Wave  Short

XRP / U.S. dollarBitstamp

Description

In this analysis I see XRP price moving to the downside after a break outside the descending triangle and also finding potential targets with the ichimoku wave theory.

1:1 ratio will take us to 0.21607 which will complete the N wave. Furthest level out would be the E level at the price of 0.17408 if price manages to go that far.
Comments
FlowersFor
1h Cmf over 0 allredy, Bsvp over 0.
And MaCD turns up soon.
Soon u see 4h timeframe that cloud is "dieing" and price not going 0.21.

U hope for entry? or is this chart neutral?
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